China to fight back against U.S. tariff move

Scott Gibson | August 25, 2019, 21:24

China to fight back against U.S. tariff move

President Donald Trump's latest round of tariffs on Chinese goods aimed at balancing the "very unfair trading relationship" with the Chinese regime is garnering praise from Republicans but also causing concern among the business community.

Trump's admission appeared at first to mark a rare moment of self-reflection by the famously hardnosed leader, and the later reversal fit a pattern of Trump recoiling from statements he believes suggest weakness.

Democratic presidential primary contenders slammed Trump's trade war after U.S. Steel announced it will temporarily lay off hundreds of workers at its Great Lakes facility in MI. But he added, "I have no plans right now".

Asked on Sunday if he would declare a national emergency over the issue, Trump said he had the right to do so but had no plans in the works.

Former Utah Rep. Jason Chaffetz told Lou Dobbs in an appearance on August 23 that Trump is the only president with the personality who would "have the true guts" to take China on.

"Now, these policies that they've implemented have built Beijing's manufacturing base, but they've also resulted in a $500 billion annual trade deficit with America and hundreds of billions more in intellectual property theft every year", Pence said.

Trump's move comes after China announced new retaliatory tariffs on about 75 billion dollars worth of US goods.

He also said he would hold off for now on declaring a national emergency which would allow him to invoke an obscure law that he says gives him the power to order United States companies out of China.

The president turned into joined by National Security Adviser John Bolton, U.S. Trade Representative Robert Lighthizer, performing White House Chief of Crew Mick Mulvaney, his top economic adviser Larry Kudlow, his son-in-regulations and adviser Jared Kushner, White House social media director Dan Scavino, and U.S. Ambassador to France Jamie McCourt.

"Just to register a faint sheep-like note of our view on the trade war", he told Trump.

"We are in favour of trade peace", he said.

"I want to see a dialling down of tensions and I want to see tariffs come off", he said.

By ratcheting up its rhetoric and threatening more trade levies, Washington seems to gamble that China would budge first.

Stephen Vladeck, a law professor at the University of Texas and a CNN legal analyst, told CNN in May that what Trump wanted to do under the law with Mexico may have been within the authority given to the White House by Congress - though it might not have been what Congress ever intended. Most of Ford's exports are from the Lincoln luxury brand, but most of the vehicles it sells in China are made in joint-venture factories. Trump has imposed or threatened to impose tariffs on all three markets in his pursuit of free, fair and reciprocal trade.

During his meeting with Johnson on Sunday in France, Trump was asked if he had second thoughts about his latest escalation.

Trump on Sunday disputed reports of friction with other G-7 leaders, saying he has been "treated beautifully" since he arrived.

Trump disputed that he had signed off on any such message.

Trump has scheduled individual meetings with several of his counterparts, including Macron, Trudeau, Merkel, Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi.

Doug Barry of the U.S.

Saturday night Trump will attend a dinner for leaders at a lighthouse overlooking Biarritz.

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